ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Tertiary activities Trade is buying and selling of products and goods produced somewhere else.

Detailed explanation-2: -The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work.

Detailed explanation-3: -The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution and sale of goods from a producer to a consumer, as may happen in wholesaling and retailing, pest control or entertainment.

Detailed explanation-4: -The industrial sector is what’s known as a secondary sector because the products and services this sector offers to go to other businesses rather than directly to consumers.